Tapestry Inc (NYSE:TPR) CEO Victor Luis sold 123,780 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $50.02, for a total transaction of $6,191,475.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tapestry Inc (NYSE:TPR) traded up $0.34 on Wednesday, reaching $50.49. 2,590,000 shares of the company traded hands, compared to its average volume of 3,130,000. The firm has a market capitalization of $14,360.00, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.59. Tapestry Inc has a 52-week low of $37.53 and a 52-week high of $50.99. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.64.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.21. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. Tapestry’s quarterly revenue was up 35.1% on a year-over-year basis. equities analysts anticipate that Tapestry Inc will post 2.56 EPS for the current year.

Several large investors have recently made changes to their positions in TPR. Point View Wealth Management Inc. acquired a new stake in shares of Tapestry in the third quarter valued at approximately $552,000. LMR Partners LLP acquired a new stake in shares of Tapestry in the third quarter valued at approximately $229,000. M&R Capital Management Inc. acquired a new stake in shares of Tapestry in the third quarter valued at approximately $153,000. Capital International Investors acquired a new stake in shares of Tapestry in the third quarter valued at approximately $25,376,000. Finally, Afam Capital Inc. acquired a new stake in shares of Tapestry in the third quarter valued at approximately $6,945,000. Institutional investors own 87.97% of the company’s stock.

A number of research firms have weighed in on TPR. Piper Jaffray Companies set a $48.00 price objective on shares of Tapestry and gave the company a “hold” rating in a research report on Monday, February 5th. William Blair reissued an “outperform” rating on shares of Tapestry in a research report on Tuesday, February 6th. Barclays increased their price target on shares of Tapestry from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Robert W. Baird set a $49.00 price target on shares of Tapestry and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research raised shares of Tapestry from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.23.

COPYRIGHT VIOLATION WARNING: This article was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/14/tapestry-inc-tpr-ceo-sells-6191475-60-in-stock.html.

Tapestry Company Profile

Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.

Insider Buying and Selling by Quarter for Tapestry (NYSE:TPR)

Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.com's FREE daily email newsletter.